Parkside Financial Bank & Trust Acquires 1,406 Shares of Kelly Services, Inc. (NASDAQ:KELYA)

Parkside Financial Bank & Trust lifted its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 49.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,277 shares of the business services provider’s stock after acquiring an additional 1,406 shares during the period. Parkside Financial Bank & Trust’s holdings in Kelly Services were worth $60,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its position in Kelly Services by 45.7% in the third quarter. Pacer Advisors Inc. now owns 1,211,791 shares of the business services provider’s stock valued at $25,944,000 after acquiring an additional 380,035 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Kelly Services in the 4th quarter worth about $1,481,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Kelly Services during the 3rd quarter worth about $2,122,000. Jacobs Levy Equity Management Inc. lifted its holdings in Kelly Services by 20.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 329,932 shares of the business services provider’s stock valued at $7,064,000 after purchasing an additional 56,457 shares during the last quarter. Finally, Barclays PLC boosted its position in Kelly Services by 238.0% in the third quarter. Barclays PLC now owns 63,638 shares of the business services provider’s stock valued at $1,362,000 after buying an additional 44,811 shares in the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Kelly Services Price Performance

Kelly Services stock opened at $12.87 on Tuesday. The business’s fifty day moving average is $13.80 and its two-hundred day moving average is $16.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. The firm has a market cap of $449.01 million, a P/E ratio of -214.46, a P/E/G ratio of 0.43 and a beta of 1.11. Kelly Services, Inc. has a 52 week low of $12.68 and a 52 week high of $25.27.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.38. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. Equities research analysts forecast that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.30 annualized dividend and a dividend yield of 2.33%. Kelly Services’s dividend payout ratio (DPR) is currently -500.00%.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Kelly Services in a report on Tuesday, February 18th.

Kelly Services Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.